Mannkind Corp (NASDAQ: MNKD) kicked off on Monday, down -1.12% from the previous trading day, before settling in for the closing price of $7.17. Over the past 52 weeks, MNKD has traded in a range of $3.17-$7.30.
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Annual sales at Healthcare sector company grew by 55.42% over the past five years. While this was happening, its average annual earnings per share was recorded 325.00%. With a float of $266.41 million, this company’s outstanding shares have now reached $270.03 million.
Let’s look at the performance matrix of the company that is accounted for 414 employees. In terms of profitability, gross margin is 71.29%, operating margin of 18.98%, and the pretax margin is 5.59%.
Mannkind Corp (MNKD) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Mannkind Corp is 3.12%, while institutional ownership is 50.30%. The most recent insider transaction that took place on Sep 03 ’24, was worth 156,500. In this transaction Chief People & Workpl Officer of this company sold 25,000 shares at a rate of $6.26, taking the stock ownership to the 1,022,191 shares. Before that another transaction happened on Sep 03 ’24, when Company’s Officer proposed sale 25,000 for $6.26, making the entire transaction worth $156,380.
Mannkind Corp (MNKD) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.01 earnings per share (EPS), higher than consensus estimate (set at -0.02) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 325.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 35.60% during the next five years compared to 40.58% growth over the previous five years of trading.
Mannkind Corp (NASDAQ: MNKD) Trading Performance Indicators
Take a look at Mannkind Corp’s (MNKD) current performance indicators. Last quarter, stock had a quick ratio of 3.76. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.96. Likewise, its price to free cash flow for the trailing twelve months is 110.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.04, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach 0.17 in one year’s time.
Technical Analysis of Mannkind Corp (MNKD)
Mannkind Corp (NASDAQ: MNKD) saw its 5-day average volume 3.43 million, a positive change from its year-to-date volume of 2.59 million. As of the previous 9 days, the stock’s Stochastic %D was 84.99%. Additionally, its Average True Range was 0.24.
During the past 100 days, Mannkind Corp’s (MNKD) raw stochastic average was set at 91.31%, which indicates a significant increase from 76.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.10% in the past 14 days, which was lower than the 39.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.41, while its 200-day Moving Average is $5.06. Nevertheless, the first resistance level for the watch stands at $7.26 in the near term. At $7.43, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.53. If the price goes on to break the first support level at $6.99, it is likely to go to the next support level at $6.89. Assuming the price breaks the second support level, the third support level stands at $6.72.
Mannkind Corp (NASDAQ: MNKD) Key Stats
The company with the Market Capitalisation of 1.98 billion has total of 274,995K Shares Outstanding. Its annual sales at the moment are 198,960 K in contrast with the sum of -11,940 K annual income. Company’s last quarter sales were recorded 72,390 K and last quarter income was -2,010 K.
